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Friday, June 23, 2017

One year after Brexit; U.S. bans Brazilian beef imports; Airline lets you pay to have nobody next to you

Profitable Moment
 

Brexit: One year later

It has been a year since the U.K. voted to leave the EU. There has been much talk about whether Brits would vote the same way today.

Some surveys suggest that they would vote to Leave again. But others say Remain would win because the young would actually come out and vote in larger numbers -- as they did in the recent U.K. election, giving the opposition to Prime Minister Theresa May a boost.
 
All we can know on this Brexit anniversary is that the process underway, following this month's election debacle for May, is a softer one than she intended. But let us not misread the situation: "Brexit means Brexit," to quote the PM.
 
Even though European Council President Donald Tusk said this week he can "dream" about the U.K. reversing its decision, don't be fooled. Brexit forces in Britain remain strong, and it is still almost impossible to see any way back.

-Richard.Quest@cnn.com 

What's new... what's next
 

By Julia Horowitz and Paul R. La Monica of CNNMoney

1. Britain must rethink more than 600 treaties

Looking for job security in Britain? Try a career as treaty negotiator. The U.K. has more than 600 treaties with at least 150 nations that it must rethink as a result of Brexit. The issues are wide-ranging, everything from trade to aviation rules and even nuclear imports. There are 34 treaties alone that Britain will have to re-work with the U.S. -- and 3 with Greenland, all related to fishing. The clock is ticking. The U.K.'s divorce from the EU takes effect in March 2019.

2. How to get 'neighbor-free' airplane seats

It's the best travel surprise: Walking onto a plane and discovering the other seats in your aisle are empty (score!). Now, you can pay for that perk. Etihad Airways has announced plans to sell "neighbor-free" seats in economy class. Passengers will have the option to bid for up to three seats next to their assigned spot, and successful offers will be confirmed 30 hours before departure. Happy flying -- or, in this case, happy uninterrupted napping.

3. China's road-straddling bus bites the dust

Say your goodbyes to China's futuristic elevated bus, which will soon become a thing of the past. Workers in the northern Chinese city of Qinhuangdao tore out the tracks for the road-straddling vehicle this week -- ending the buzzy experiment in mass transportation. The bus was originally billed as an answer to China's crippling traffic problems. Instead, it became the source of massive bottlenecks and was rarely used. Better luck next time, science.

4. U.S. bans beef from Brazil on safety fears

More bad news for Brazil. The U.S. has suspended imports of fresh beef after finding public health concerns during inspections. America is Brazil's ninth biggest market for beef exports. Brazilian steaks have been banned from many other countries as well following allegations that food inspectors were being bribed to turn a blind eye to rotten meat. China, Mexico, Chile, Japan, the European Union and Hong Kong all banned Brazilian beef imports in March.

5. Quick Takes:

Al Jazeera goes from global media player to Middle East bargaining chip

Boeing factory where Trump made a big jobs speech is laying off 200 workers

Owners of Whirlpool fridge responsible for London fire should contact company

Retail meltdown: Store closings on pace to top 2008. Sears to shut 20 more

Wasn't this on 'Black Mirror?' Amazon has patent for drone delivery 'beehives'

6. What's next:

Senate health care showdown: The U.S. Senate could vote on its version of a GOP bill to repeal and replace Obamacare as soon as next week. The votes aren't there yet, but negotiations are underway. One determining factor could be the bill's score from the Congressional Budget Office, which is expected to drop early in the week.

Modi visits Trump: President Donald Trump will have his first face-to-face meeting with Indian Prime Minister Narendra Modi on Monday. On top of the agenda: the overhaul of the H-1B visa program, the fight against terror and expanding bilateral relations. 


Murdoch's Sky News deal: The fate of Rupert Murdoch's attempted takeover of Sky News will be decided by Thursday. Media regulator Ofcom has already submitted its reports to the U.K. government, which will decide whether the merger with 21st Century Fox is in the public interest.

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